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This 14.44-acre property offers a unique combination of visibility, access, and natural beauty—just minutes east of downtown Spencer. With approximately 1,200 feet of frontage along State Highway 46, the property provides excellent exposure and convenient access for residential, recreational, or small commercial development. The front portion of the property features level, open acreage ideal for building, while the remainder is wooded, providing privacy and beautiful views of McCormick’s Creek State Park and the White River. The property includes two access points from State Highway 46 and additional access from River Road, enhancing versatility and traffic flow. There are also two existing wells and two septic systems on-site; however, the condition of these utilities is not guaranteed by the sellers.

202615924 MLS ⋅ Chris Wesley

This 14.44-acre property offers a unique combination of visibility, access, and natural beauty—just minutes east of downtown Spencer. With approximately 1,200 feet of frontage along State Highway 46, the property provides excellent exposure and convenient access for residential, recreational, or small commercial development. The front portion of the property features level, open acreage ideal for building, while the remainder is wooded, providing privacy and beautiful views of McCormick’s Creek State Park and the White River. The property includes two access points from State Highway 46 and additional access from River Road, enhancing versatility and traffic flow. There are also two existing wells and two septic systems on-site; however, the condition of these utilities is not guaranteed by the sellers.

1650 E State Road 46th Rd, Spencer

Listing courtesy of Chris Wesley from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$259,500

New Construction – Currently Under Construction! Nearing completion!! Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will be equipped with a full suite of new black stainless-steel appliances, providing both style and functionality. The efficient layout includes three bedrooms and two full baths, including a primary suite with a private bath. An attached 14' x 23' garage offers convenient parking and additional storage. Situated on a 44' x 68' lot, this home provides the benefits of low-maintenance living with the quality and efficiency of new construction. Conveniently located near shopping, dining, parks, and local amenities. Construction is underway, and final finishes and completion date are subject to construction progress.

3 Beds ⋅ 2 Baths ⋅ 202628087 MLS ⋅ 1,317 SqFt. ⋅ Trent Keith

New Construction – Currently Under Construction! Nearing completion!! Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will be equipped with a full suite of new black stainless-steel appliances, providing both style and functionality. The efficient layout includes three bedrooms and two full baths, including a primary suite with a private bath. An attached 14' x 23' garage offers convenient parking and additional storage. Situated on a 44' x 68' lot, this home provides the benefits of low-maintenance living with the quality and efficiency of new construction. Conveniently located near shopping, dining, parks, and local amenities. Construction is underway, and final finishes and completion date are subject to construction progress.

48 W Clay St, Spencer

Listing courtesy of Trent Keith from Keith Realty & Auction Group. Office: 812-714-8250

$229,900

What a find, 11 beautiful acres of forested land and a charming farmhouse with several outbuildings. The property features a nice 1250 sq ft home with 2 BR and 1 full Bath, a two-car detached garage and back yard shed. The home has some recent big-ticket upgrades including a new roof, a plumbing upgrade that included a new well pump and new HVAC system with a heat pump. The property has a nice balance of fields and woods with a small pond and large meadow behind the house. The yard is shaded by large maple trees and there are beautiful flowers and shrubs everywhere. The property is partially fenced and would make a great place for a homestead with room for several animals and plenty of room to garden. Located in a rural country setting only 5 minutes from downtown Spencer.

2 Beds ⋅ 1 Baths ⋅ 202622860 MLS ⋅ 1,243 SqFt. ⋅ Debbie Foutch

What a find, 11 beautiful acres of forested land and a charming farmhouse with several outbuildings. The property features a nice 1250 sq ft home with 2 BR and 1 full Bath, a two-car detached garage and back yard shed. The home has some recent big-ticket upgrades including a new roof, a plumbing upgrade that included a new well pump and new HVAC system with a heat pump. The property has a nice balance of fields and woods with a small pond and large meadow behind the house. The yard is shaded by large maple trees and there are beautiful flowers and shrubs everywhere. The property is partially fenced and would make a great place for a homestead with room for several animals and plenty of room to garden. Located in a rural country setting only 5 minutes from downtown Spencer.

3125 Braysville Rd, Spencer

Listing courtesy of Debbie Foutch from Owen County Home Company. Cell: 812-821-7005

$225,000

Tucked away at the end of a quiet dead-end road, this rare 15-acre wooded retreat offers exceptional privacy and endless potential. Surrounded by the breathtaking Greens Bluff Nature Preserve, this secluded 3-bedroom, 2-bath home is a nature lover's dream, with abundant wildlife, peaceful wooded views, and the tranquility you've been searching for. The home features an attached two-car garage and a spacious layout ready for your vision. While it could use some updating and repairs, the property offers great bones and a solid foundation, making it an excellent opportunity for investors, renovators, or buyers looking to create their dream home in an unmatched setting. Whether you're seeking a private full-time residence, a weekend getaway, or a recreational retreat, this property delivers the rare combination of acreage, seclusion, and location. Enjoy wildlife watching, or simply relaxing in your own wooded sanctuary, all while being surrounded by the protected beauty of Greens Bluff Nature Preserve. Properties with this much privacy and potential are hard to find. Bring your ideas and imagination to transform this hidden gem into something truly special. If you've been searching for a peaceful escape with room to grow and incredible natural surroundings, this is an opportunity you won't want to miss.

3 Beds ⋅ 2 Baths ⋅ 202630882 MLS ⋅ 1,416 SqFt. ⋅ Tara White

Tucked away at the end of a quiet dead-end road, this rare 15-acre wooded retreat offers exceptional privacy and endless potential. Surrounded by the breathtaking Greens Bluff Nature Preserve, this secluded 3-bedroom, 2-bath home is a nature lover's dream, with abundant wildlife, peaceful wooded views, and the tranquility you've been searching for. The home features an attached two-car garage and a spacious layout ready for your vision. While it could use some updating and repairs, the property offers great bones and a solid foundation, making it an excellent opportunity for investors, renovators, or buyers looking to create their dream home in an unmatched setting. Whether you're seeking a private full-time residence, a weekend getaway, or a recreational retreat, this property delivers the rare combination of acreage, seclusion, and location. Enjoy wildlife watching, or simply relaxing in your own wooded sanctuary, all while being surrounded by the protected beauty of Greens Bluff Nature Preserve. Properties with this much privacy and potential are hard to find. Bring your ideas and imagination to transform this hidden gem into something truly special. If you've been searching for a peaceful escape with room to grow and incredible natural surroundings, this is an opportunity you won't want to miss.

534 Paw Paw Rd, Spencer

Listing courtesy of Tara White from Century 21 Scheetz - Bloomington. Cell: 812-821-1735

$219,900

Spacious 4-bedroom, 1-bath home offering 1,360 sq. ft. of living space, conveniently located just a couple of blocks from Spencer Elementary. This home has seen several updates over the past five years, including a new roof and gutters installed in 2024 and a freshly painted garage in 2025. The oversized one-car garage features a unique sliding door design rather than a traditional overhead door, adding character and functionality. Out back, you’ll find a nice backyard with space for outdoor activities, gardening, or relaxing. With its convenient location and recent improvements, this home is a great opportunity for buyers looking for comfort and value.

4 Beds ⋅ 1 Baths ⋅ 202607816 MLS ⋅ 1,360 SqFt. ⋅ Chris Wesley

Spacious 4-bedroom, 1-bath home offering 1,360 sq. ft. of living space, conveniently located just a couple of blocks from Spencer Elementary. This home has seen several updates over the past five years, including a new roof and gutters installed in 2024 and a freshly painted garage in 2025. The oversized one-car garage features a unique sliding door design rather than a traditional overhead door, adding character and functionality. Out back, you’ll find a nice backyard with space for outdoor activities, gardening, or relaxing. With its convenient location and recent improvements, this home is a great opportunity for buyers looking for comfort and value.

767 N Laymon Ave, Spencer

Listing courtesy of Chris Wesley from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$189,000

Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for fishing, kayaking, and relaxing on the water. The inviting porch provides additional space to enjoy the peaceful surroundings and offers the potential to be transformed into additional living space. Located between McCormick's Creek State Park and Lieber State Recreation Area, you'll be minutes from hiking, boating, waterfalls, camping, and year-round outdoor recreation. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or a place to enjoy the outdoors, this property offers a rare combination of privacy, recreation, and convenience. Schedule your private showing today!

1 Beds ⋅ 1 Baths ⋅ 202633146 MLS ⋅ 1,056 SqFt. ⋅ Steven Terry

Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for fishing, kayaking, and relaxing on the water. The inviting porch provides additional space to enjoy the peaceful surroundings and offers the potential to be transformed into additional living space. Located between McCormick's Creek State Park and Lieber State Recreation Area, you'll be minutes from hiking, boating, waterfalls, camping, and year-round outdoor recreation. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or a place to enjoy the outdoors, this property offers a rare combination of privacy, recreation, and convenience. Schedule your private showing today!

1405 Lakeside Dr, Spencer

Listing courtesy of Steven Terry from Century 21 Scheetz - Bloomington. cell: 317-453-7968

$175,000

Welcome to this inviting 3-bedroom, 2-bath manufactured home conveniently located in the town of Spencer. Offering comfortable living space and practical features, this home is a great opportunity for anyone looking for an affordable place to call home. The spacious layout provides three bedrooms, including a comfortable primary suite with its own private bath. The additional bedrooms offer flexibility for family, guests, a home office, or hobbies. The open living areas create a welcoming space for everyday living and entertaining, while the two full bathrooms add convenience. A one-car attached garage provides secure parking and additional storage space. Situated in town, the property offers convenient access to local shops, restaurants, schools, parks, and community amenities. Whether you’re a first-time buyer, downsizing, or looking for a comfortable home in a convenient location, this property is worth a look. Schedule your showing today and discover what this Spencer home has to offer.

3 Beds ⋅ 2 Baths ⋅ 202637790 MLS ⋅ 1,512 SqFt. ⋅ Tara White

Welcome to this inviting 3-bedroom, 2-bath manufactured home conveniently located in the town of Spencer. Offering comfortable living space and practical features, this home is a great opportunity for anyone looking for an affordable place to call home. The spacious layout provides three bedrooms, including a comfortable primary suite with its own private bath. The additional bedrooms offer flexibility for family, guests, a home office, or hobbies. The open living areas create a welcoming space for everyday living and entertaining, while the two full bathrooms add convenience. A one-car attached garage provides secure parking and additional storage space. Situated in town, the property offers convenient access to local shops, restaurants, schools, parks, and community amenities. Whether you’re a first-time buyer, downsizing, or looking for a comfortable home in a convenient location, this property is worth a look. Schedule your showing today and discover what this Spencer home has to offer.

267 N East St, Spencer

Listing courtesy of Tara White from Century 21 Scheetz - Bloomington. Cell: 812-821-1735

$162,500

15.08 Wooded acres located one half mile North of Spencer offers a rare opportunity to acquire a mature wooded acreage (last selective timber harvest was 1997) abundant nut producing trees that attract a steady stream of wildlife. There are also several small groves of paw-paw trees, deer, turkey and squirrels are numerous. Abundant species of birds and a decent size population of box turtles inhabit thee area. Also calling this place home are a wide variety of wild mushrooms including morel, and chicken-of-the-woods and chanterelle. During the springtime, wildflowers blanket the forrest floor. There are multiple building sites from close to road to deep in the woods. A few small creeks run through this hilly, semi rugged parcel. There is approximately mile long, well marked foot path that starts near the road and does a loop through the bak of the woods.

202627467 MLS ⋅ Rene West

15.08 Wooded acres located one half mile North of Spencer offers a rare opportunity to acquire a mature wooded acreage (last selective timber harvest was 1997) abundant nut producing trees that attract a steady stream of wildlife. There are also several small groves of paw-paw trees, deer, turkey and squirrels are numerous. Abundant species of birds and a decent size population of box turtles inhabit thee area. Also calling this place home are a wide variety of wild mushrooms including morel, and chicken-of-the-woods and chanterelle. During the springtime, wildflowers blanket the forrest floor. There are multiple building sites from close to road to deep in the woods. A few small creeks run through this hilly, semi rugged parcel. There is approximately mile long, well marked foot path that starts near the road and does a loop through the bak of the woods.

00 Rocky Hill Rd, Spencer

Listing courtesy of Rene West from West & Co., REALTORS. Cell: 812-585-0420

$124,900

Great starter home featuring two bedrooms, enclosed front porch and a small deck. Home also has a carport and a detached two car garage. This is almost a half-acre lot with a great view towards the town. Easy access to all amenities at an affordable price.

2 Beds ⋅ 1 Baths ⋅ 202625659 MLS ⋅ 768 SqFt. ⋅ Ronita Walcott

Great starter home featuring two bedrooms, enclosed front porch and a small deck. Home also has a carport and a detached two car garage. This is almost a half-acre lot with a great view towards the town. Easy access to all amenities at an affordable price.

1131 Parks Dr, Spencer

Listing courtesy of Ronita Walcott from Evergreen Real Estate & Auctions. Cell: 812-327-6201

$95,000

Here is an opportunity to own a 3.09ac piece of land with septic, new well water, electric and natural gas at the road. There is a 24'X24' pad out front of RV. The ground is partially wooded with a creek running through it. There are a couple canvas style carport/storage sheds as well. This could be you weekend get away or your new home site just minute from Spencer and McCormick State Park. Is this your peace of paradise. RV not included in the price.

202631982 MLS ⋅ Darren Gilmore

Here is an opportunity to own a 3.09ac piece of land with septic, new well water, electric and natural gas at the road. There is a 24'X24' pad out front of RV. The ground is partially wooded with a creek running through it. There are a couple canvas style carport/storage sheds as well. This could be you weekend get away or your new home site just minute from Spencer and McCormick State Park. Is this your peace of paradise. RV not included in the price.

1921 Country Club Rd, Spencer

Listing courtesy of Darren Gilmore from CK Realty Homes. cell: 812-709-0859

$90,900

9+ Acres of Woods with scenic Mill Creek running through the Northeast corner of the property. No HOA's or Covenants so bring your dreams and ideas and own a slice of stunning woodlands today.

202615011 MLS ⋅ Amy Highfield

9+ Acres of Woods with scenic Mill Creek running through the Northeast corner of the property. No HOA's or Covenants so bring your dreams and ideas and own a slice of stunning woodlands today.

Tbd Coon Path Rd, Spencer

Listing courtesy of Amy Highfield from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$57,500

Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy’s and O’Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

202631610 MLS ⋅ Chris Wesley

Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy’s and O’Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

1.54 Acres St, Spencer

Listing courtesy of Chris Wesley from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$54,900

Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you’re well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people who live there. Life at Four Oaks is about enjoying a slower pace and a stronger sense of connection. Residents have access to a private lake with a scenic walking trail, a neighborhood dog park, a welcoming community clubhouse, sidewalks, and open green spaces that encourage time outdoors. Conveniently located just minutes from schools, shopping, and local dining and a short drive to Bloomington, this setting offers the perfect balance of peaceful living and everyday convenience. Put down roots, enjoy the surroundings, and build the home you’ve always envisioned at Four Oaks.

202543242 MLS ⋅ Rob Ranard

Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you’re well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people who live there. Life at Four Oaks is about enjoying a slower pace and a stronger sense of connection. Residents have access to a private lake with a scenic walking trail, a neighborhood dog park, a welcoming community clubhouse, sidewalks, and open green spaces that encourage time outdoors. Conveniently located just minutes from schools, shopping, and local dining and a short drive to Bloomington, this setting offers the perfect balance of peaceful living and everyday convenience. Put down roots, enjoy the surroundings, and build the home you’ve always envisioned at Four Oaks.

127 Walnut Rd, Spencer

Listing courtesy of Rob Ranard from Home Team Properties. Office: 844-821-6051

$39,900

This exceptional, improved 4.44-acre lot is heavily wooded and ready for your dream home. Essential utilities—City water, electricity, and natural gas—are accessible, allowing you to easily carve out your ideal building spot among the trees. Listing agent is related to the seller.

202613664 MLS ⋅ Carrie Parrish

This exceptional, improved 4.44-acre lot is heavily wooded and ready for your dream home. Essential utilities—City water, electricity, and natural gas—are accessible, allowing you to easily carve out your ideal building spot among the trees. Listing agent is related to the seller.

Lot B-21 Highway 46, Spencer

Listing courtesy of Carrie Parrish from Carpenter, REALTORS-Bloomington. cell: 812-585-4792

$29,900

Motivated seller! This partially cleared wooded lot is larger than it appears from the street! The survey is attached for reference. Possibility of building a walk-out home on this serene nearly half acre lot in upscale Thornridge subdivision! So many options with this lot's location! It is less than 30 minutes from the Indiana University campus, 3 minutes to downtown Spencer, and one hour from Indy airport! City water, city sewer, natural gas, and electric are available! A beautiful and quiet neighborhood! No HOA!! Selling as-is.

202536536 MLS ⋅ Moriah Hogan

Motivated seller! This partially cleared wooded lot is larger than it appears from the street! The survey is attached for reference. Possibility of building a walk-out home on this serene nearly half acre lot in upscale Thornridge subdivision! So many options with this lot's location! It is less than 30 minutes from the Indiana University campus, 3 minutes to downtown Spencer, and one hour from Indy airport! City water, city sewer, natural gas, and electric are available! A beautiful and quiet neighborhood! No HOA!! Selling as-is.

732 W Thornridge Way, Spencer

Listing courtesy of Moriah Hogan from Keith Realty & Auction Group. Office: 812-714-8250

$17,250

Building lot on Amazon Shores. Nice wooded site with electric, high speed internet and lake access.

202520639 MLS ⋅ Joannie Sheese

Building lot on Amazon Shores. Nice wooded site with electric, high speed internet and lake access.

00 Lakeside Dr, Spencer

Listing courtesy of Joannie Sheese from West & Co., REALTORS. Cell: 812-585-0420

$17,250

Wooded building site in Amazon Shores. Nice wooded site with electric, high speed internet and lake access

202520648 MLS ⋅ Joannie Sheese

Wooded building site in Amazon Shores. Nice wooded site with electric, high speed internet and lake access

00 Estes Rd, Spencer

Listing courtesy of Joannie Sheese from West & Co., REALTORS. Cell: 812-585-0420